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This profile was last updated on 10/30/15  and contains information from public web pages and contributions from the ZoomInfo community.

Dr. Richard A. Koss

Wrong Dr. Richard A. Koss?

Director of Economics With the Ec...

Local Address:  New York City , New York , United States
Fannie Mae
 
Background

Employment History

Board Memberships and Affiliations

Education

  • BS , Mathematics and Statistics
    Case Western Reserve University
  • Ph.D. , Economics
    University of Pennsylvania
59 Total References
Web References
About Us at RE/MAX Gateway
www.move2virginia.com [cached]
Expert speakers have included Dr. Stephen Fuller from George Mason's Center for Regional Analysis; Richard Koss, Director of Economics with the Economic and Strategic Group for Fannie Mae; Doug Duncan, Chief Economist for Fannie Mae; and Dave Stevens, Under Secretary of FHA.
Zillow's Stan Humphries and Fannie ...
www.builderonline.com [cached]
Zillow's Stan Humphries and Fannie Mae's chief economist Richard Koss believe "the housing thaw is finally underway," as mortgage rates remain low, starts are elevated, and prices are still below pre-cash levels, MarketWatch reports.
...
Koss said, "the housing thaw is finally underway."
Elizabeth Allen's Real Estate Blog | Real Estate Musings
www.elizabethallenhomes.com [cached]
"We lost about 9 million jobs in the private sector from the peak to the trough of the recession," reports Richard Koss, director of economics for Fannie Mae.
But the nation's labor market is ...
www.projectreconomy.org [cached]
But the nation's labor market is still slow to pick up speed, suggested Richard Koss, director of mortgage market analysis for Fannie Mae, and there are other serious headwinds still facing the housing recovery.
But the nation's labor market is ...
www.projectreconomy.org [cached]
But the nation's labor market is still slow to pick up speed, suggested Richard Koss, director of mortgage market analysis for Fannie Mae, and there are other serious headwinds still facing the housing recovery.
While speaking at the SourceMedia mortgage servicing conference in Dallas, Koss depicted a market where home prices are affordable on the backs of low interest rates, but qualifying for a mortgage or even having enough saved up for a downpayment remains a challenge for many Americans, especially the nation's youngest adult population.
And until the jobs situation fully recovers, housing may hit the ceiling.
"We lost about 9 million jobs in the private sector from the peak to the trough of the recession," Koss said. "We have recovered about 6 million of those jobs, so we are two-thirds of the way back. But it has been four years, and we really should be well past that because the overall population has grown in the meantime, so it still remains a pretty anemic recovery."
Since the housing market generally leads a nation out of recession, the recent downturn broke with tradition, Koss pointed out. For starters, construction hiring failed to contribute to overall job growth until a year after the economy itself recovered.
The country also lost 2 million construction jobs during the recession and has recovered only 300,000 of them, he added.
Koss, on the other hand, is comfortable with today's rising home prices, but sees lingering risks.
...
"In the wake of the bubble bursting, we obviously raised our credit standards, but loans are consistently being delivered to us at the top end of the standards," Koss said.
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